Question
Annapolis Company completes job #601 which has a standard of 540 labor hours at a standard rate of $19.70 per hour.The job was completed in
Annapolis Company completes job #601 which has a standard of 540 labor hours at a standard rate of $19.70 per hour.The job was completed in 560 hours and the average actual labor rate was $18.60 per hour.What is the labor rate variance?A negative number indicates an favorable variance and a positive number indicates an unfavorable variance.
Annapolis Company completes job #601 which has a standard of 500 labor hours at a standard rate of $18.90 per hour.The job was completed in 510 hours and the average actual labor rate was $19.40 per hour.What is the labor efficiency (quantity) variance?A negative number indicates an favorable variance and a positive number indicates an unfavorable variance.
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Accounting
Authors: Carl s. warren, James m. reeve, Philip e. fess
21st Edition
978-0324400205, 324225016, 324188005, 324400209, 9780324225013, 978-0324188004
